lpg cylinder price, gas cylinder price coming down? An important decision taken by the central government! – Union government reportedly constituted a panel to look into pricing formula for gas

The very high price of gas cylinders in India is putting a huge burden on the public. Despite the drop in crude oil prices in the international market, gas cylinder prices in various states in India remain above Rs 1000.

In this case, it has been reported that the central government has ordered a special committee to re-examine the pricing system for domestically produced gas.

According to the information published by Reuters, the central government has ordered a committee to be re-examined on whether to change the pricing system for domestically produced gas.

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The committee has been ordered to submit its recommendations by the end of September, according to Reuters. However, there is no immediate change even though the committee has recommended a reduction in gas prices.

Because the next gas price hike will be effective for six months from October. The committee’s recommendation also requires the approval of the Union Cabinet. Therefore, even if the committee’s recommendation is favorable, it may take a few months to come into effect.